Updates

Gear4Music

February 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

G4M has issued a Q3 update to 31 December, with sales up 30% to £52.2m (Europe +51% to £29.2m and UK +10% to £23m). Demand for products that can be played at home has been strong (e.g. guitars, keyboards, home recording equipment) and it has clearly benefited from the demise of two European rivals a year ago.The strong top line growth in its peak trading period and margin outperformance (hike in gross margin to 29.9% from 28.6% in H1) drives a 30% upgrade to eps forecasts to 44.8p. Next year, however, trading is expected to normalise and Singer forecasts eps of 20p. Tipped at 245p in January last year, it’s time to lock in at least half of the massive profits. ...

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Mpac - Trading ahead of forecast

Growth Portfolio 3 - February '21

Gear4music - Net debt falls £3.6m in 6 months (November 2024)

Gear4music - Time for a second bite at the cherry (August 2024)

Gear4Music (May 2022)

Gear4music (January 2022)

Gear4Music - Earnings forecast upgraded by 138% (August 2020)

Gear4Music (May 2020)

Gear4music (February 2020)

Gear4music - European rival falls into administration (January 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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